Bocas del Toro, Panama – (August 11, 2014) – Union Hanover – a London-based specialty real estate investment and development company with a hospitality focus – announced today it has broken ground on Sarani Resort in Bocas del Toro, Panama. Construction has now commenced on the first phase, 37 hotel bungalow suites, that will encompass the eco-minded luxury resort set on the scenic private island of Isla Pastor where the rainforest meets the Caribbean Sea.

Miami-based independent hotel operator Boutique Hospitality Management has been selected to operate and manage Sarani Resort, ensuring the hotel provides only the highest quality service, amenities and programming for its discerning clientele. Sarani Resort has also joined Preferred Boutique™, an elite collection of 150 intimate hotels and resorts worldwide, each featuring 100 rooms or less.

“Bocas del Toro has been billed as one of the last remaining untouched paradises in the world and we are excited to bring the experience to an upscale market with Sarani Resort,” said Sam Trotter, Director of New Business Development and Ecommerce.

“We’re thrilled to support Boutique Hospitality Management on this exciting project,” said Philipp Weghmann, Area Managing Director of Latin America and the Caribbean for Preferred Hotel Group. “The addition of Sarani Resort to our Preferred Boutique collection represents our commitment to continuously enhancing our portfolio of true luxury properties in key destinations across Central America. We look forward to a long and successful partnership.”

Against a backdrop of increasing global popularity, tourism and investment are robust in Panama, and notably now in the tropical archipelago of Bocas del Toro. Just a 20 minute ferry ride from the airport and main island of Isla Colon, Sarani Resort spans 75 acres and occupies well over one third of Isla Pastor and its eastern coastline. When the resort is completed in August 2015, guests will delight in the untouched paradise of the lush local landscape, formed millions of years ago by volcanoes.

Serenity awaits at Sarani Resort where a collection of skillfully handcrafted bungalows are built in concert with the natural landscape, each with breathtaking views of the water and lush grounds. All accommodations have private balconies, modern amenities and king sized beds. Natural beauty and elegant, modern touches work together in perfect harmony to create an escape where guests feel relaxed and rejuvenated in their own private paradise.

Sarani Resort’s full-service spa will be a sanctuary for balancing the body, mind and spirit. It will feature a wide variety of relaxing treatments, including advanced skin care therapies, therapeutic and integrated massages from around the world, exfoliation, nourishing and detoxifying body treatments and nail care. The resort’s restaurant will serve a seasonal menu of Modern Tropical cuisine, a vibrant blend of Caribbean and Latin flavors handpicked straight from the garden.

The Caribbean is an eco-adventure and watersports paradise. With optimal water and weather conditions, Sarani Resort guests will readily engage in a variety of activities and excursions tailored to their unique desires. From surfing, snorkeling, mounting biking, hiking, island excursions and Ngobe Indian village tours to some of the world’s best deep sea fishing and scuba diving, the result is a vacation experience where guests feel safe, relaxed and at peace with nature.

Early bird pricing will be offered for those who sign up for the Sarani Resort newsletter. For more information and to sign up, please visit saraniresort.com.

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About Union Hanover

Formed in 2012, Union Hanover Securities is a real estate development and investment firm that specializes in acquiring, delivering and operating boutique hotels in North and Central America and Europe. Union Hanover currently has a $550 million development pipeline. The Company is comprised of seasoned real estate professionals that understand the complexities of current market conditions and apply diligence, expertise, creativity and proactivity to ensure that each project is delivered in an efficient and profitable manner.

About Boutique Hospitality Management

Miami-based Boutique Hospitality Management (BHM) is a leading operator of boutique hotels and restaurants in the United States and Latin America. Its founder, Keith Space, was among the original pioneers of the boutique hotel concept in New York City. After experiencing incredible success at Ian Shrager Hotels (now known as Morgan’s Hotel Group), he founded BHM and the company quickly garnered critical acclaim for its hotel properties from the likes of Conde Nast Traveler, Hotel Management Magazine, Fodor’s, Lodging Management Magazine and numerous media like the Guardian and US News & World Report. BHM focuses on crafting unique, independent hotels and restaurants that reflect both the local market and a unique venue-specific vision. BHM hotels focus on the guest experience by adding personal touches like tailored welcome letters, complimentary Wi-Fi, branded sleep masks and bottled water in every room. BHM continues to grow and has positioned itself to take advantage of its Miami Airport office in order to open and operate more properties in Latin America and the Caribbean, in addition to hotels in the United States. For more information, visit boutique-hospitality.com.

About Preferred Boutique

Preferred Boutique is a brand of Preferred Hotel Group™, a global leader in the hospitality industry that represents more than 650 of the finest hotels and resorts in over 85 countries. Preferred Boutique is committed to quality assurance that suits the needs of smaller luxury properties, while providing a combination of strategic sales, marketing, distribution and technology solutions to its members. While visiting properties within the Preferred Boutique collection, travelers are invited to create their own canvas of extraordinary travel memories, distinguished by personalized, one-of-a-kind travel experiences. Additionally, all Preferred Boutique guests are eligible to enroll in the iPreferguest loyalty program, which extends points redeemable for cash-value Reward Certificates, elite status, and special benefits such as complimentary Internet to members upon every stay at more than 500 participating Preferred Hotel Group locations worldwide. For more information on the Preferred Boutique collection, please visitwww.PreferredBoutique.com.

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About Sam Trotter

Samuel Trotter is Director of Development and eCommerce for Boutique Hospitality Management. Trotter also writes for hotelnewsnow.com on how technology is impacting hotels, usually from an ecommerce perspective. Trotter came to know Keith Space from his time working for The Angler's Boutique Resort in South Beach. The property was hugely successful, jump starting his career. Trotter writes and speaks on eCommerce and hotel investment and is a major player of the BHM team. Continue the conversation with Trotter on Twitter @Sammy_Miami.